ETSY - Etsy: Planting Seeds For Success In 2024

2024-03-10 03:01:15 ET

Summary

• Etsy's stock has corrected somewhat this year, making it a potential investment opportunity.
• The company has maintained high profit margins and is expected to see a return to growth in Q2.
• Etsy has a larger buyer base and higher average spend per buyer since pre-pandemic, making it a strong competitor in the e-commerce market.

Most tech stocks, alongside the S&P 500, are at multi-year highs driven by enthusiasm for AI and hope for a more benign Fed rate policy. But amid such expensive conditions in the market, I'm on the hunt for stocks that have less downside risk and have already corrected somewhat this year....

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